A-LevelEconomicsGovernment macroeconomic intervention9708/31 · Oct/Nov 2018 · Q291 Mark

The table shows data on the unemployment and inflation rates for four countries in 2010 and 2014. country | unemployment rate (% of workforce) 2010 | 2014 | inflation rate (% per annum) 2010 | 2014 ---|---|---|---|--- Australia | 5.2 | 6.1 | 2.7 | 1.6 Canada | 8.0 | 6.9 | 2.2 | 1.9 Japan | 5.1 | 3.6 | -0.3 | 2.5 United States | 9.6 | 6.2 | 1.7 | 0.6 Which countries had a typical Phillips curve? A Australia and Japan B Australia only C Canada and United States D Japan only

Mark scheme

Marking points from the official mark scheme (Oct/Nov 2018). The mark or mark type is shown in brackets.

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Topic: Government macroeconomic intervention, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source: A-Level Economics, Oct/Nov 2018 Paper 3 Variant 1, question 29.

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